Glossary of Business Terms – “W”

A B C D E F G H I J K L M N O P Q
R S T U V W X Y Z

 

Wages – A form of pay given to employees in exchange for the work they have done

Waiver of premium –  A provision of an insurance policy that suspends payment of premiums, for example, if the insured suffers disabling injury

Walk – To resign from a job

Wallet Technology – A software package providing digital wallets or purses on the computers of merchants and customers to facilitate payment by digital cash

Wall Street – The U.S. financial industry, or the area of New York City where much of its business is done

Waste Management –  A sustainable process for reducing the environmental impact of the disposal of all types of materials used by businesses.

Wealth – Physical assets such as a house or financial assets such as stocks and shares that can yield an income for their holder

Web Marketing – The process of creating, developing, and enhancing a Web site in order to increase the number of visits by potential customers

Weighted Average –  An average of quantities that have been adjusted by the addition of a statistical value to allow for their relative importance in a data set

Whistleblowing –  Speaking out to the media or the public on malpractice, misconduct, corruption, or mismanagement witnessed in an organization

Wholesale price – A price charged to customers who buy large quantities of an item for resale in smaller quantities to others

Wholesaling – Businesses and individuals engaged in the activity of selling products to retailers, organizational users or other wholesalers. Selling for resale.

Wikis = a collaborative environment that is built around input from community users.

Withholding tax – The money that an employer pays directly to the U.S. government as a payment of the income tax on the employee

Word of mouth Word-of-mouth publicity on the Internet. Owing to the fast-paced and interactive nature of online markets, word of mouse can spread much faster than its offline counterpart. For more information, read the articles:

Working capital The excess of current assets over current liabilities. The cash needed to keep the business running from day to day. For more information, read the articles:

 

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